March 10 (Reuters) - Short interest on the Nasdaq eased 0.4% in late February, the exchange said on Tuesday.
As of February 27, short interest totaled 19,479,917,422 shares, compared with 19,559,212,446 shares as of February 13.
Investors who sell securities 'short' borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
Shorting can also be part of a hedging strategy.
(Reporting by Caroline Valetkevitch)
((caroline.valetkevitch@thomsonreuters.com))